Financials stocks were trading with gains, with the S&P BSE Finance index increasing 27.44 points or 0.35% at 7916.45 at 09:49 IST. Among the components of the S&P BSE Finance index, Aditya Birla Money Ltd (up 11.66%), Geojit Financial Services Ltd (up 7.1%),IIFL Securities Ltd (up 6.54%),Equitas Holdings Ltd (up 5.85%),Dhanlaxmi Bank Ltd (up 5.26%), were the top gainers. Among the other gainers were Motilal Oswal Financial Services Ltd (up 5%), Shriram City Union Finance Ltd (up 3.71%), AAVAS Financiers Ltd (up 3.29%), JM Financial Ltd (up 2.94%), and Angel Broking Ltd (up 2.92%). On the other hand, Reliance Capital Ltd (down 4.8%), Arman Financial Services Ltd (down 3.36%), and CRISIL Ltd (down 2.36%) turned lower.
Read more about Lenders begin vote to select highest bidder for Reliance Commercial Finance on Business Standard. The voting to choose the bidder will end on June 25 and resolve another Rs 9,000 crore of debt of Anil Ambani group company
Financials stocks were trading in the positive zone, with the S&P BSE Finance index rising 110.5 points or 1.53% at 7321.25 at 09:49 IST. Among the components of the S&P BSE Finance index, Geojit Financial Services Ltd (up 7.81%), PNB Gilts Ltd (up 7.25%),Tourism Finance Corporation of India Ltd (up 6.98%),Dolat Investments Ltd (up 4.34%),Aditya Birla Capital Ltd (up 4.2%), were the top gainers. Among the other gainers were Multi Commodity Exchange of India Ltd (up 3.62%), Motilal Oswal Financial Services Ltd (up 3.52%), Shriram City Union Finance Ltd (up 3.43%), RBL Bank Ltd (up 3.3%), and Aditya Birla Money Ltd (up 2.89%). On the other hand, Angel Broking Ltd (down 4.06%), AU Small Finance Bank Ltd (down 1.63%), and Reliance Capital Ltd (down 1.49%) moved lower.
Read more about Financials shares fall on Business Standard. Financials stocks were trading in the negative zone, with the S&P BSE Finance index falling 156.26 points or 2.09% at 7313.76 at 13:49 IST.